Detached 4-Family
43-45 Granfield Avenue Bridgeport, CT 06610
43-45 Granfield Avenue, Bridgeport, CT, 06610
$435,000
For Sale
$435,000
Detached 4-unit property with four occupied studio/junior 1-bedroom units and a five-year-old roof.
Property Size1,752 SF
Price / SF$248.29
Days on Market372
Property Features for 43-45 Granfield Avenue
General Information
- Standard status
- Active
- Size
- 1,752 SF
- Property subtype
- Multi-Family / 4 Family
Building Details
- Year Built
- 1877
Listing agency
Top Tier Realty Group, LLC
(203) 521-5339
Listed by
Lisa Nussbaum · License #REB.0794757
(203) 521-5339
Source
Compass
Added: Jul 16, 2025 Updated: Jul 22 at 9:21AM Checked: Jul 22 at 9:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Top Tier Realty Group, LLC
Investment Insights
Based on property information with market context.
43-45 Granfield Avenue is a fully detached 4-family quadplex configured with four units total, with each unit offering a studio or junior 1-bedroom layout. The property is currently generating income with all units occupied, and the seller indicates there is a path to increase rents toward market rate. Reported improvements include a roof that is approximately five years old, along with low-maintenance structure and controlled operating expenses.
The property is located in Bridgeport, conveniently near public transportation, shopping, and schools. This offering is being sold as part of a package that includes 33-35 Granfield and 37-39 Granfield, though it can also be sold individually. Schedule a private tour to review current operations and rent potential.
The property is located in Bridgeport, conveniently near public transportation, shopping, and schools. This offering is being sold as part of a package that includes 33-35 Granfield and 37-39 Granfield, though it can also be sold individually. Schedule a private tour to review current operations and rent potential.
Key Highlights
- Detached 4‑family with four occupied studio/junior 1‑bedroom units at 43‑45 Granfield Ave
- 5‑year‑old roof and low‑maintenance structure
- Hot air heat; cooling system: none
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.7k | $19.80 |
| − Vacancy | −$2.3k | −$1.29 |
| EGI | $32.4k | $18.51 |
| − OpEx | −$9.7k | −$5.55 |
| NOI | $22.7k | $12.96 |
1,752 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$324.3K
$283.8K – $378.4K
NOI $22,704 @ 7.0% cap · market cap 5.22%
Second Best
Apartment 5plus
$294.4K
$257.6K – $343.5K
NOI $20,608 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$500.1K
$437.6K – $583.4K
NOI $35,004 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Detached 4-unit property with four occupied studio/junior 1-bedroom units and a five-year-old roof.
Where is this quadplex located?
The property is located at 43-45 Granfield Avenue Bridgeport, CT.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Detached 4‑family with four occupied studio/junior 1‑bedroom units at 43‑45 Granfield Ave; 5‑year‑old roof and low‑maintenance structure; Hot air heat; cooling system: none
